Authority Relative to this Agreement; Recommendation. (a) E-RENTER has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by the Board of Directors of E-RENTER (the "E-RENTER Board"), and no other corporate proceedings on the part of E-RENTER are necessary to authorize this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by E-RENTER and constitutes a valid, legal and binding agreement of E-RENTER USA, enforceable against E-RENTER in accordance with its terms.
Appears in 4 contracts
Samples: Agreement and Plan of Share Exchange (E-RenterUSA, Inc.), Agreement and Plan of Share Exchange (E-RenterUSA, Inc.), Agreement and Plan of Share Exchange (E-RenterUSA, Inc.)
